We're all still reeling this week from the announced departures of Mohamed El-Erian from Pimco
and Ron O'Hanley leaving Fidelity
. What does this mean for the industry?
Have Pimco's problematic efforts to get into equities finally frustrated the higher-ups at parent Allianz
, or is Bill Gross
and team looking for new blood in their efforts to become their own empire (assuming that will ever be possible).
And with Fidelity, is Abby moving forward in her efforts to reform her father's kingdom? Will a line of succession ever be clearly communicated?
And finally, who is next? Which firm will shake up its leadership and push its chief (or chiefs) onto their sword. And with this new blood, how will the game change this year?
If you have any thoughts on this, give me a call or email me at Tommy@mfwire.com or 212-331-8999.
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